Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

The Impacts of Government Grants on Firm Behaviors

Authors
Rui Chen*
Beijing Jingshan School
*Corresponding author. Email: cr_chen2021@126.com
Corresponding Author
Rui Chen
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.038How to use a DOI?
Keywords
Innovation; Government Grant; Firm Behaviors
Abstract

Government grants play a key role in the firm’s innovation. It helps the firm to innovate products, improves the firm’s development, and promotes the firm’s growth. Based on a competition-based government grant program called Innovate UK, I find a significant relationship between government grants and firm behaviors. For the empirical analysis, I adopt OLS (Ordinary Least Square) regression models with the company and time fixed effects. Specifically, the data shows that winning a grant increase the firm’s total asset, short-term liabilities, long-term liabilities, and the firm’s intangible asset. By showing that government grants can accelerate the innovation and the growth of the firm and the firm’s products to some extent, this paper highlights the government’s role in shaping the firm’s innovation behaviors.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.038How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Rui Chen
PY  - 2021
DA  - 2021/12/15
TI  - The Impacts of Government Grants on Firm Behaviors
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 226
EP  - 234
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.038
DO  - 10.2991/assehr.k.211209.038
ID  - Chen2021
ER  -